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Tip of the day

What Is a Banknote?

A banknote is a negotiable promissory note, which a bank can issue. A banknote is payable to the bearer on demand, and the amount payable is apparent on the face of the note. Banknotes are considered legal tender; along with coins, they make up the bearer forms of all modern money. [Source: https://www.investopedia.com/terms/b/banknote.asp]